#United States #Chicago, Illinois #Amylu Foods #TowerBrook #Prelude Growth

TowerBrook Capital Partners Announces Strategic Investment in Amylu Foods

In a recent announcement, TowerBrook Capital Partners L.P. has joined forces with Prelude Growth Partners to make a strategic investment in Amylu Foods, a notable player in the production of all-natural, value-added protein products. This collaboration aims to support Amylu’s growth trajectory while leveraging its rich history that spans over a century in delivering quality protein goods to both retailers and consumers throughout the United States.

Founded in 1924 and headquartered in Chicago, Illinois, Amylu Foods has established itself as a high-growth manufacturer specializing in value-added chicken products. Their product line includes sausages, meatballs, and burgers sold not only under their own brand but also as private label offerings. The company has gained a reputation for its broad and innovative portfolio designed to align with consumer demand for high-protein, all-natural options that possess verified health benefits such as being organic, antibiotic-free, and nitrate-free. Amylu Foods produces its offerings in-house at dedicated manufacturing facilities, providing customers with the convenience of preparing nutritious meals using high-quality ingredients. The partnership with TowerBrook is expected to accelerate Amylu's operational scaling and enhance its outreach within various sales channels, aiming to reach an increasing customer base across the nation.

Steven Zoll, Chief Executive Officer of Amylu Foods, expressed optimism regarding the partnership, stating, "At Amylu, our success has always been built on delivering great-tasting, clean-ingredient products that our consumers genuinely love and trust. This partnership with TowerBrook is the natural next step for our growth strategy, and we're confident they're the right partner to help us expand our business across the nation given their strong track record of scaling food businesses, particularly in the protein space."

Supporting this sentiment, Michael Recht, Managing Director of TowerBrook, highlighted Amylu’s longstanding commitment to quality and innovation as factors that contribute to the company's impressive momentum within the industry. He emphasized the excitement surrounding the continued partnership to build upon Amylu’s legacy of delivering unique and quality products to its dedicated consumer base.

The deal has been bolstered by legal advisories from Sidley Austin for TowerBrook, while J.P. Morgan served as financial advisor for the transaction. A consortium of funds managed by MidCap Financial and Benefit Street Partners played crucial roles as joint lead arrangers and bookrunners, collaborating with others including Eldridge and Sumitomo Mitsui Banking Corporation to facilitate the necessary financing.

About Amylu Foods

Amylu Foods stands as a frontrunner in manufacturing natural, fully-cooked protein products, leaning upon a culinary heritage that exceeds a century. The company came into the spotlight in 1992, when Amylu Kurzawski, a third-generation sausage maker, became the first to create chicken sausages that blend traditional recipes with better-for-you ingredients and inventive flavors. Currently, Amylu Foods offers an impressive selection of nearly 50 varieties of sausages, meatballs, and burgers, all crafted from simple, natural ingredients, free from antibiotics, nitrates, or nitrites. Amylu Foods remains committed to delivering premium, delicious protein options that not only satisfy customers’ cravings but also keep their health top of mind.

About TowerBrook Capital Partners

TowerBrook Capital Partners is recognized as a modern value investor, directing its focus towards transforming service-oriented businesses across multiple sectors in Europe and North America, encompassing business services, consumer products, financial services, and healthcare. By working closely with founders, entrepreneurs, and management teams, TowerBrook fosters growth and transformation within companies, steering them toward sustained leadership in their respective markets. The firm, possessing $23 billion of assets under management, operates through private equity and various strategic partnerships. TowerBrook is distinguishable as the first mainstream private equity firm to achieve B Corporation certification, reflecting its commitment to responsible business practices.

About Prelude Growth Partners

Prelude Growth Partners has solidified its position as a leading growth equity firm focused on consumer brands tailored for modern consumers. By collaborating with founders and CEOs, it provides invaluable category expertise and operational support aimed at amplifying the success of fast-growing consumer brands. Prelude actively seeks to invest between $15 million to $75 million in companies across various consumer sectors, having a portfolio that includes notable brands in beauty, food, health, and wellness.